Ante Markovic vs Luis Herrera Campins

Markovic was appointed Prime Minister of the Socialist Federal Republic of Yugoslavia. He inherited a country in deep economic crisis and political disintegration, with rising nationalism in its constituent republics.

Markovic introduced a comprehensive market-oriented economic reform program, including currency stabilization, price liberalization, and privatization. The program initially curbed hyperinflation and attracted foreign investment, but was undermined by political conflicts.

Despite his reform efforts, Markovic was unable to prevent the secession of Slovenia, Croatia, and other republics. His calls for a democratic, unified Yugoslavia were rejected by nationalist leaders, and the country descended into war.

With the federal government losing authority and the Yugoslav wars escalating, Markovic resigned as Prime Minister. His resignation marked the effective end of the last federal government of Yugoslavia.

Herrera Campins won the 1978 presidential election as the candidate of the Christian Democratic party COPEI. He took office in 1979, succeeding Carlos Andr

Following Black Friday, Herrera Campins implemented austerity measures, including cuts to public spending and subsidies. These policies led to widespread social unrest and protests, further destabilizing his government.

On February 18, 1983, Herrera Campins announced the devaluation of the Venezuelan bol